This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

17814 

Vol. 72, No. 68 

Tuesday, April 10, 2007 

DEPARTMENT OF AGRICULTURE 

Animal and Plant Health Inspection 

Service 

9 CFR Part 1 

[Docket No. APHIS–2006–0158] 

Animal Welfare; Petition for 

Rulemaking 

AGENCY: Animal and Plant Health 

Inspection Service, USDA. 

ACTION: Notice of petition and request 

for comments. 

SUMMARY: We are notifying the public of 

our receipt of a petition for rulemaking, 

and we are soliciting public comment 

on that petition. The petition, sponsored 

by The Hunte Corporation, requests that 

we replace the definition of Class ‘‘B’’ 

licensee in the Animal Welfare Act 

regulations with four new categories of 

licensees: Pet distributor, exhibitor 

animal distributor, laboratory animal 

distributor, and other distributor. 

DATES: We will consider all comments 

that we receive on or before June 11, 

2007. 

ADDRESSES: You may submit comments 

by either of the following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov, select 

‘‘Animal and Plant Health Inspection 

Service’’ from the agency drop-down 

menu, then click ‘‘Submit.’’ In the 

Docket ID column, select APHIS–2006– 

0158 to submit or view public 

comments and to view supporting and 

related materials available 

electronically. Information on using 

Regulations.gov, including instructions 

for accessing documents, submitting 

comments, and viewing the docket after 

the close of the comment period, is 

available through the site’s ‘‘User Tips’’ 

link. 

• Postal Mail/Commercial Delivery: 

Please send four copies of your 

comment (an original and three copies) 

to Docket No. APHIS–2006–0158, 

Regulatory Analysis and Development, 

PPD, APHIS, Station 3A–03.8, 4700 

River Road Unit 118, Riverdale, MD 

20737–1238. Please state that your 

comment refers to Docket No. APHIS– 

2006–0158. 

Reading Room: You may read any 

comments that we receive on this 

docket in our reading room. The reading 

room is located in room 1141 of the 

USDA South Building, 14th Street and 

Independence Avenue, SW., 

Washington, DC. Normal reading room 

hours are 8 a.m. to 4:30 p.m., Monday 

through Friday, except holidays. To be 

sure someone is there to help you, 

please call (202) 690–2817 before 

coming. 

Other Information: Additional 

information about APHIS and its 

programs is available on the Internet at 

http://www.aphis.usda.gov. 

FOR FURTHER INFORMATION CONTACT: Dr. 

Jerry DePoyster, Senior Veterinary 

Medical Officer, Animal Care, APHIS, 

4700 River Road Unit 84, Riverdale, MD 

20737–1234; (301) 734–7586. 

SUPPLEMENTARY INFORMATION: 

Background 

The Animal Welfare Act (the Act, 7 

U.S.C. 2131 et seq.) authorizes the 

Secretary of Agriculture to promulgate 

standards and other requirements 

governing the humane handling, care, 

treatment, and transportation of certain 

animals by dealers, research facilities, 

exhibitors, carriers, and intermediate 

handlers. The Secretary of Agriculture 

has delegated the responsibility of 

administering the Act to the 

Administrator of the Animal and Plant 

Health Inspection Service (APHIS). The 

regulations established under the Act 

are contained in title 9 of the Code of 

Federal Regulations (9 CFR), chapter I, 

subchapter A, parts 1, 2, and 3. Part 1 

defines various terms used in parts 2 

and 3. 

In part 1, § 1.1 sets forth definitions 

for three classes of licensees: Class ‘‘A,’’ 

Class ‘‘B,’’ and Class ‘‘C.’’ Class ‘‘A’’ 

licensees are dealers whose business 

consists only of animals that are bred 

and raised on the premises and acquired 

for the sole purpose of maintaining or 

enhancing the breeding colony. Class 

‘‘B’’ licensees are dealers whose 

business includes the purchase or resale 

of any animal. Class ‘‘B’’ licensees do 

not usually take actual physical 

possession or control of the animals or 

hold them in any facilities. Class ‘‘C’’ 

licensees are exhibitors whose business 

involves the showing or displaying of 

animals to the public. Class ‘‘C’’ 

licensees may buy and sell animals as 

a minor part of their business to 

maintain or add to their animal 

collection. 

APHIS has received a petition for 

rulemaking sponsored by The Hunte 

Corporation, a Class ‘‘B’’ licensee, 

requesting changes to the definition of 

Class ‘‘B’’ licensee contained in § 1.1 of 

the regulations. Specifically, the 

petition requests that we replace the 

definition of Class ‘‘B’’ licensee with 

four new categories of dealers: Pet 

distributor, exhibitor animal distributor, 

laboratory animal distributor, and other 

distributor. 

The petition is available for review on 

the Regulations.gov Web page and in 

our reading room (see ADDRESSES above 

for instructions for accessing 

Regulations.gov and for information on 

the location and hours of the reading 

room). Copies may also be obtained 

from the person listed under FOR

FURTHER INFORMATION CONTACT. We 

invite comments on the changes 

discussed in the petition. 

Authority: 7 U.S.C. 2131–2159; 7 CFR 2.22, 

2.80, and 371.7. 

Done in Washington, DC, this 4th day of 

April 2007. 

Kevin Shea, 

Acting Administrator, Animal and Plant 

Health Inspection Service. 

[FR Doc. E7–6701 Filed 4–9–07; 8:45 am] 

BILLING CODE 3410–34–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–156420–06] 

RIN 1545–BG25 

Anti-Avoidance and Anti-Loss 

Reimportation Rules Applicable 

Following a Loss on Disposition of 

Stock of Consolidated Subsidiaries 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of proposed rulemaking 

by cross-reference to temporary 

regulations. 

SUMMARY: In the Rules and Regulations 

section of this issue of the Federal 


cprice-sewell on PROD1PC66 with PROPOSALS
Federal Register / Vol. 72, No. 68 / Tuesday, April 10, 2007 / Proposed Rules 17815 

Register, the IRS is issuing temporary 

regulations under section 1502 of the 

Internal Revenue Code (Code). The 

temporary regulations provide guidance 

to corporations filing consolidated 

returns. The temporary regulations 

apply an anti-avoidance rule and revise 

an anti-loss reimportation rule that 

applies after a disposition of stock of a 

subsidiary at a loss. The text of those 

regulations also serves as the text of 

these proposed regulations. 

DATES: Written or electronic comments 

or a request for a public hearing must 

be received by July 9, 2007. 

ADDRESSES: Send submissions to 

CC:PA:LPD:PR (REG–156420–06), room 

5203 Internal Revenue Service, PO Box 

7604, Ben Franklin Station, Washington, 

DC 20044. Submissions may be handdelivered Monday through Friday 

between the hours of 8 a.m. and 4 p.m. 

to CC:PA:LPD:PR (REG–156420–06), 

Courier’s Desk, Internal Revenue 

Service, 1111 Constitution Avenue, 

NW., Washington, DC, or sent 

electronically via the Federal 

eRulemaking Portal at 

www.regulations.gov (IRS–REG–

156420–06). 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Theresa Abell (202) 622–7700 or Phoebe 

Bennett (202) 622–7770; concerning 

submission of comments and request for 

public hearing, Richard Hurst at 

Richard.A.Hurst@irscounsel.treas.gov or 

(202) 622–7180 (not toll free numbers). 

SUPPLEMENTARY INFORMATION: 

Background and Explanation of 

Provisions 

Temporary regulations in the Rules 

and Regulations section of this issue of 

the Federal Register amend the Income 

Tax Regulations (26 CFR part 1) relating 

to section 1502. The temporary 

regulations provide guidance to 

corporations filing consolidated returns. 

The temporary regulations apply an 

anti-avoidance rule and revise an antiloss reimportation rule that applies 

following a disposition of stock of a 

subsidiary at a loss. The text of those 

regulations also serves as the text of 

these proposed regulations. The 

preamble to the temporary regulations 

explains the amendments. 

Special Analyses 

It has been determined that this notice 

of proposed rulemaking is not a 

significant regulatory action as defined 

in Executive Order 12666. Therefore, a 

regulatory assessment is not required. It 

is hereby certified that these regulations 

will not have a significant economic 

impact on a substantial number of small 

entities. This certification is based on 

the fact that these regulations primarily 

will affect affiliated groups of 

corporations that have elected to file 

consolidated returns, which tend to be 

larger entities. Therefore, a Regulatory 

Flexibility Analysis under Regulatory 

Flexibility Act (5 U.S.C. chapter 6) is 

not required. Pursuant to section 7805(f) 

of the Code, this notice of proposed 

rulemaking will be submitted to the 

Chief Counsel for Advocacy of the Small 

Business Administration for comment 

on its impact on small business. 

Comments and Requests for Public 

Hearing 

Before these proposed regulations are 

adopted as final regulations, 

consideration will be given to any 

written (a signed original and eight (8) 

copies) or electronic comments that are 

submitted timely to the IRS. The IRS 

and Treasury Department request 

comments on the clarity of the proposed 

rules and how they can be made easier 

to understand. All comments will be 

available for public inspection and 

copying. A public hearing will be 

scheduled if requested in writing by any 

person that timely submits written 

comments. If a public hearing is 

scheduled, notice of the date, time, and 

place for the public hearing will be 

published in the Federal Register. 

Drafting Information 

The principal author of these 

regulations is Phoebe Bennett, Office of 

the Associate Chief Counsel (Corporate). 

However, other personnel from the IRS 

and Treasury Department participated 

in their development. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Proposed Amendments to the 

Regulations 

Accordingly, 26 CFR part 1 is 

proposed to be amended as follows: 

PART 1—INCOME TAXES 

Paragraph 1. The authority citation 

for part 1 is amended by adding an entry 

in numerical order to read as follows: 

Authority: 26 U.S.C. 7805 * * * 

Par. 2. Section 1.1502–32 is amended 

by revising paragraph (b)(3)(iii)(D) and 

adding paragraph (k) to read as follows: 

§ 1.1502–32 Investment adjustments. 

* * * * * 

(b) * * * 

(3) * * * 

(iii)* * * 

(D) [The text of the proposed 

amendment to § 1.1502–32(b)(3)(iii)(D) 

is the same as the text of § 1.1502–

32T(b)(3)(iii)(D) published elsewhere in 

this issue of the Federal Register]. 

* * * * * 

(k) [The text of the proposed 

amendment to § 1.1502–32(k) is the 

same as the text of § 1.1502–32T(k) 

published elsewhere in this issue of the 

Federal Register]. 

Par. 3. Section 1.1502–35 is amended 

by: 

1. Revising paragraphs (g)(3) and (h). 

2. Adding new paragraph (g)(6). 

3. Revising paragraph (j). 

The revisions and additions read as 

follows: 

§ 1.1502–35 Transfers of subsidiary stock 

and deconsolidations of subsidiaries. 

* * * * * 

(g) * * * 

(3) [The text of the proposed 

amendment to § 1.1502–35(g)(3) is the 

same as the text of § 1.1502–35T(g)(3) 

published elsewhere in this issue of the 

Federal Register]. 

* * * * * 

(6) [The text of the proposed 

amendment to § 1.1502–35(g)(6) is the 

same as the text of § 1.1502–35T(g)(6) 

published elsewhere in this issue of the 

Federal Register]. 

(h) [The text of the proposed 

amendment to § 1.1502–35(h) is the 

same as the text of § 1.1502–35T(h) 

published elsewhere in this issue of the 

Federal Register]. 

* * * * * 

(j) [The text of the proposed 

amendment to § 1.1502–35(j) is the same 

as the text of § 1.1502–35T(j) published 

elsewhere in this issue of the Federal 

Register]. 

* * * * * 

Linda M. Kroening, 

Acting Deputy Commissioner for Services and 

Enforcement. 

[FR Doc. E7–6534 Filed 4–9–07; 8:45 am] 

BILLING CODE 4830–01–P 


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